RE:RE:RE:RE:RE:RE:Charlie Lake acreageBonterra has always been very conservative when reporting; very much in the “under-promise/over deliver” camp. And, for very obvious commercial reasons, is not forthcoming about anything that it is not required to report.
Share values are absurdly low. Balance sheets are better than ever. Cash is flowing and there is every expectation that this will continue; and grow. There are solid indications that, indeed, it could grow dramatically.
The past decade has been, as we all know, a “challenge”. There are potential pitfalls ahead, but I can’t get all that excited about continual carping on the downside of the history. My challenge to all the arm-chair analysts that we have here is to do the numbers based on what they do report, and build scenarios that also consider the upside of the future. That is investing; albeit I give those who day trade their due, if that is their thing.
As an aside today, as the share price creeps up, I note that at the end of Feb there were 1.2M shares shorted. In the two weeks to the mid-month report another 250K were sold short. Today the ask is evaporating and the buy expanding; looks to me like there is a move to cover. The consolidated report on Friday will be interesting, as it will give a read on direction and momentum; and if the move might turn into a rush. Particularly if the company were to surprise us all with a re-start of a dividend.